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Musk talks with Trump, huge wealth is coming!
Elon Musk @elonmusk and Donald Trump @realDonaldTrump, two influential "call kings" in their respective fields, will have a much-anticipated live conversation on Twitter at 8 a.m. tomorrow (Tuesday) (Hong Kong time).
This conversation will not only attract the attention of global audiences, but also excite the cryptocurrency community.
Musk even bluntly expressed his desire to know what Trump’s favorite Meme coin is, which makes people look forward to what kind of wave will be set off when the new and old kings of shouting orders gather together!
1. Why is the clash of views between the two giants worth looking forward to?
This conversation will not only attract the attention of global audiences, but also excite the cryptocurrency community.
Musk even bluntly expressed his desire to know what Trump’s favorite Meme coin is, which makes people look forward to what kind of wave will be set off when the new and old kings of shouting orders gather together!
1. Why is the clash of views between the two giants worth looking forward to?
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11.29 Cryptocurrency analysis: Bitcoin has bottomed out after sideways trading and may hit 100,000 again. Ethereum has broken through the Central Asian pressure level of 3,500! ETH is about to start to strengthen. What will happen to Bitcoin next? Can it successfully hit the 100,000 mark! #BTC☀ $BTC #ETH🔥🔥🔥🔥 $ETH
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Michael Saylor and Kiyosaki team up: Can Bitcoin become the core of the new global economic order?
Robert Kiyosaki, the author of Rich Dad Poor Dad, recently made a statement about Bitcoin and supported Michael Saylor's prediction, which has attracted wide attention and discussion. Kiyosaki said that Saylor's prediction that the price of Bitcoin will reach $13 million per coin or even higher is supported by complex financial logic, which also reflects their criticism of the traditional economic system and their optimistic expectations for the future of digital assets.
Core ideas and background analysis
1. Michael Saylor’s prediction
Saylor believes that the value growth of Bitcoin is based on the following points:
Core ideas and background analysis
1. Michael Saylor’s prediction
Saylor believes that the value growth of Bitcoin is based on the following points:
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So, what does making money with Bitcoin have to do with you?
Making money with Bitcoin has nothing to do with you
If you are a big dealer or a top predator in the cryptocurrency world,
Will you go on a killing spree in a bear market or a bull market?
It's definitely a bull market.
Because in a bear market, no leeks come in at all.
What is leek?
They are the people who chase the ups and downs, do not want to rely on cognition, and hope to rely on luck;
They are the ones who don’t listen when they are told to study hard and stop speculating in cryptocurrencies;
They are those people who do not enter the market when the coin price is low, and enter the market when the coin price is high, which is not the time to enter.
There is another kind of person who is quite annoying.
If you are a big dealer or a top predator in the cryptocurrency world,
Will you go on a killing spree in a bear market or a bull market?
It's definitely a bull market.
Because in a bear market, no leeks come in at all.
What is leek?
They are the people who chase the ups and downs, do not want to rely on cognition, and hope to rely on luck;
They are the ones who don’t listen when they are told to study hard and stop speculating in cryptocurrencies;
They are those people who do not enter the market when the coin price is low, and enter the market when the coin price is high, which is not the time to enter.
There is another kind of person who is quite annoying.
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Background of Bitcoin Price Surge
The sharp fluctuations in Bitcoin prices are closely related to the macro-economy, policy changes and technological progress. This round of price increases is mainly affected by the following background factors:
1. Macroeconomic uncertainty
The global economy faces multiple challenges, including inflation, geopolitical conflicts and the decline of the US dollar's credit. In this environment, investors seek means of storing value, and Bitcoin is regarded as "digital gold" because of its scarcity and decentralized properties.
2. Institutional investment drive
As more traditional financial institutions accept Bitcoin, the institutionalization trend of the cryptocurrency market is becoming more and more obvious. For example, many asset management companies in the United States are applying for Bitcoin spot ETFs, which increases the market's demand for Bitcoin.
3. The maturity and popularity of blockchain technology
The widespread application of blockchain technology has further enhanced the market's confidence in Bitcoin. In particular, the progress of the Bitcoin Lightning Network has provided strong technical support for Bitcoin's payment function.
4. Supply limit
The total amount of Bitcoin is capped at 21 million, and the current number of mined Bitcoins is close to 19 million, further highlighting its scarcity. In addition, the upcoming Bitcoin halving event in 2024 will further reduce the supply of new coins, providing long-term support for price increases. #市场回暖新机遇
The sharp fluctuations in Bitcoin prices are closely related to the macro-economy, policy changes and technological progress. This round of price increases is mainly affected by the following background factors:
1. Macroeconomic uncertainty
The global economy faces multiple challenges, including inflation, geopolitical conflicts and the decline of the US dollar's credit. In this environment, investors seek means of storing value, and Bitcoin is regarded as "digital gold" because of its scarcity and decentralized properties.
2. Institutional investment drive
As more traditional financial institutions accept Bitcoin, the institutionalization trend of the cryptocurrency market is becoming more and more obvious. For example, many asset management companies in the United States are applying for Bitcoin spot ETFs, which increases the market's demand for Bitcoin.
3. The maturity and popularity of blockchain technology
The widespread application of blockchain technology has further enhanced the market's confidence in Bitcoin. In particular, the progress of the Bitcoin Lightning Network has provided strong technical support for Bitcoin's payment function.
4. Supply limit
The total amount of Bitcoin is capped at 21 million, and the current number of mined Bitcoins is close to 19 million, further highlighting its scarcity. In addition, the upcoming Bitcoin halving event in 2024 will further reduce the supply of new coins, providing long-term support for price increases. #市场回暖新机遇
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Crypto national team? Comrade Trump is still good at it!
As of November 28, 2024, U.S. President-elect Trump has officially nominated more than 20 cabinet members. These nominations still need to be approved by the Senate, but generally the list has a high chance of being approved by the Senate, especially since the Republicans are now the majority party in the Senate.
It is worth noting that in the Trump 2.0 cabinet and the list of senior officials announced in the past few weeks, there are many cryptocurrency supporters, and some of them have disclosed holding cryptocurrencies such as Bitcoin. This composition has attracted widespread attention in the market and is seen as a major turning point in the field of cryptocurrency in the United States, which may usher in a new era of regulation and policy.
It is worth noting that in the Trump 2.0 cabinet and the list of senior officials announced in the past few weeks, there are many cryptocurrency supporters, and some of them have disclosed holding cryptocurrencies such as Bitcoin. This composition has attracted widespread attention in the market and is seen as a major turning point in the field of cryptocurrency in the United States, which may usher in a new era of regulation and policy.
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Good morning, Friday, November 29!
Ethereum is currently priced at 3558. It is now 9:00 am Beijing time. Ethereum has reached the neckline of 3550. Currently, it has held the neckline. Those who hold more can not rush to leave. Those who are conservative can wait and see before deciding. After all, the sector rotation has started. It is normal for Ethereum to wash back and forth during the power stage. Yesterday, the fast line stretched from 3300 to 3688, and stepped back to the golden section line 0.618 support, which is today's lowest point of 3530. The support is effective. The ladder volume has entered the second stage and the third stage of the sprint. As for the highest Whether it can reach the key pressure level of 3830 is not considered for the time being. Let's first look at the current daily K-line. Before the release of the article, the highest was 3686 and the lowest was 3550. The upward network diffusion of the EMA trend indicator has ended, and the MACD volume increase has not ended. DIF and DEA are still spreading and pulling at high levels. The Bollinger Bands have opened. The K-line broke the upper track yesterday and now returns to the upper track 3594. The pressure level in the channel is not strong. After the retracement and stabilization, a new round of stretching will continue. The four-hour K-line continues to stand at the EMA15 trend support of 3530, and the MACD is The volume decreases and the top divergence continues. The DIF and DEA high positions shrink downwards and the K-line is blocked at the high position of the trend. The Bollinger Bands open. The upper rail pressure level focuses on 3704, and the middle rail support focuses on 3475. The long trend continues, and the layout point and other key supports are determined by the rotation of sectors. The current neckline position is not suitable as the first entry point for long orders. It is best to enter the market after further exploration. Short-term reference: safety first, remember that the market is not 100%, so you must bring a good stop loss. Safety first, small losses and big profits are the goal
Short at 3800 to 3850 above, defense at 3900 to 3950, stop loss 50 points, target at 3700 to 3600, break at 3500 to 3450
Buy at 3450 to 3500 below, defense at 3400 to 3350, stop loss 50 points, target at 3600 to 3650, break at 3700 to 3750
Specific operations are based on real-time market data. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by yourself. #ETH🔥🔥🔥🔥
Ethereum is currently priced at 3558. It is now 9:00 am Beijing time. Ethereum has reached the neckline of 3550. Currently, it has held the neckline. Those who hold more can not rush to leave. Those who are conservative can wait and see before deciding. After all, the sector rotation has started. It is normal for Ethereum to wash back and forth during the power stage. Yesterday, the fast line stretched from 3300 to 3688, and stepped back to the golden section line 0.618 support, which is today's lowest point of 3530. The support is effective. The ladder volume has entered the second stage and the third stage of the sprint. As for the highest Whether it can reach the key pressure level of 3830 is not considered for the time being. Let's first look at the current daily K-line. Before the release of the article, the highest was 3686 and the lowest was 3550. The upward network diffusion of the EMA trend indicator has ended, and the MACD volume increase has not ended. DIF and DEA are still spreading and pulling at high levels. The Bollinger Bands have opened. The K-line broke the upper track yesterday and now returns to the upper track 3594. The pressure level in the channel is not strong. After the retracement and stabilization, a new round of stretching will continue. The four-hour K-line continues to stand at the EMA15 trend support of 3530, and the MACD is The volume decreases and the top divergence continues. The DIF and DEA high positions shrink downwards and the K-line is blocked at the high position of the trend. The Bollinger Bands open. The upper rail pressure level focuses on 3704, and the middle rail support focuses on 3475. The long trend continues, and the layout point and other key supports are determined by the rotation of sectors. The current neckline position is not suitable as the first entry point for long orders. It is best to enter the market after further exploration. Short-term reference: safety first, remember that the market is not 100%, so you must bring a good stop loss. Safety first, small losses and big profits are the goal
Short at 3800 to 3850 above, defense at 3900 to 3950, stop loss 50 points, target at 3700 to 3600, break at 3500 to 3450
Buy at 3450 to 3500 below, defense at 3400 to 3350, stop loss 50 points, target at 3600 to 3650, break at 3700 to 3750
Specific operations are based on real-time market data. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by yourself. #ETH🔥🔥🔥🔥
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11.29, Friday, good morning!
Bitcoin is currently priced at 95776. It is now more than 9 am Beijing time. From the overall market situation, Bitcoin will continue to consolidate at a high level. Yesterday's thinking said that the bullish trend remains unchanged, and all retracements are opportunities, but there is no suitable entry point for both long and short positions, so there was no arrangement yesterday. I chose to continue waiting for opportunities and entry points. I have said before that before the bus we are waiting for arrives, we just need to wait at the station. Don't get on the bus casually, otherwise you will go further and further!
Looking at the current market, the daily K-line is as high as 96565 and as low as 94640. It has been sideways almost all day, and it has been a slow decline. The EMA15 trend fast line support has not ended and has stretched to 92400. MACD shrinks downward, DIF and DEA highs spread downward, Bollinger Bands shrink, the upper rail fell to 102500, the middle rail stretched to 91500, and it was still at 90500 the day before yesterday. The support moved up and the KDJ shrunk. This is a typical boiling frog stage. Everyone should pay attention to the four-hour K-line out of the teacup shape, and the top has been determined to form a short-term high at 97200. Then the next time you test this position, you can arrange a short position. Just wait for the time being. The fast line has come to the intersection of EMA trend indicators 15 and 30 at 95000. The overall trend is shrinking, so two positions can be used as reference. The key pressure previous high is 97200, and the key support EMA120 trend line support is above 90300. MACD volume decreases, ladder volume decreases, DIF and DEA are blocked by 0-axis pressure and begin to shrink. The Bollinger Bands enter a downward channel. The upper rail pressure level reference is 9715 0, the lower rail support came to 91300. The overall trend is currently at a short-term crossroads, but don’t forget that the bullish trend has not ended. The short-term is indeed in a downward channel. If 90,000 is not broken, go long decisively. Defend 97,000 above and go short. Set a good stop loss.
Short-term thinking reference: The market is not 100%, so you must set a good stop loss. Safety first, small losses and big profits are the goal.
Short at 97000 to 97500 above, stop loss 500 points, target 96000 to 95000, break to see 94000 to 93000
Long at 91500 to 91000 below, defend 90500 to 90000, stop loss 500 points, target 92500 to 93000, break to see 94000 to 95000
Specific operations are based on real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is at your own risk. #BTC☀
Bitcoin is currently priced at 95776. It is now more than 9 am Beijing time. From the overall market situation, Bitcoin will continue to consolidate at a high level. Yesterday's thinking said that the bullish trend remains unchanged, and all retracements are opportunities, but there is no suitable entry point for both long and short positions, so there was no arrangement yesterday. I chose to continue waiting for opportunities and entry points. I have said before that before the bus we are waiting for arrives, we just need to wait at the station. Don't get on the bus casually, otherwise you will go further and further!
Looking at the current market, the daily K-line is as high as 96565 and as low as 94640. It has been sideways almost all day, and it has been a slow decline. The EMA15 trend fast line support has not ended and has stretched to 92400. MACD shrinks downward, DIF and DEA highs spread downward, Bollinger Bands shrink, the upper rail fell to 102500, the middle rail stretched to 91500, and it was still at 90500 the day before yesterday. The support moved up and the KDJ shrunk. This is a typical boiling frog stage. Everyone should pay attention to the four-hour K-line out of the teacup shape, and the top has been determined to form a short-term high at 97200. Then the next time you test this position, you can arrange a short position. Just wait for the time being. The fast line has come to the intersection of EMA trend indicators 15 and 30 at 95000. The overall trend is shrinking, so two positions can be used as reference. The key pressure previous high is 97200, and the key support EMA120 trend line support is above 90300. MACD volume decreases, ladder volume decreases, DIF and DEA are blocked by 0-axis pressure and begin to shrink. The Bollinger Bands enter a downward channel. The upper rail pressure level reference is 9715 0, the lower rail support came to 91300. The overall trend is currently at a short-term crossroads, but don’t forget that the bullish trend has not ended. The short-term is indeed in a downward channel. If 90,000 is not broken, go long decisively. Defend 97,000 above and go short. Set a good stop loss.
Short-term thinking reference: The market is not 100%, so you must set a good stop loss. Safety first, small losses and big profits are the goal.
Short at 97000 to 97500 above, stop loss 500 points, target 96000 to 95000, break to see 94000 to 93000
Long at 91500 to 91000 below, defend 90500 to 90000, stop loss 500 points, target 92500 to 93000, break to see 94000 to 95000
Specific operations are based on real-time data of the market. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is at your own risk. #BTC☀
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A friend sold his house and bought BTC
Yesterday, the big boss held a meeting and mentioned that everyone should do some calculations this year to see if they made a profit or a loss, and in particular, where they lost money. How much net profit do they plan to make next year to distribute as dividends?
After the meeting, I started to calculate in Excel. The result instantly made me clear and I came to a conclusion:
The most reliable solution to achieve target dividends is to increase the yield ratio.
For example, if you run a headhunting company with 10 people and the average return per person is 200,000, that is, the revenue is 2 million. After deducting various costs (five insurances and one housing fund, taxes, rent, wages, commissions, office expenses), it is estimated that there will be a profit of about 20-30%. If you set aside 3-4 months of operating funds, it is estimated that you can get 100,000-200,000 yuan.
After the meeting, I started to calculate in Excel. The result instantly made me clear and I came to a conclusion:
The most reliable solution to achieve target dividends is to increase the yield ratio.
For example, if you run a headhunting company with 10 people and the average return per person is 200,000, that is, the revenue is 2 million. After deducting various costs (five insurances and one housing fund, taxes, rent, wages, commissions, office expenses), it is estimated that there will be a profit of about 20-30%. If you set aside 3-4 months of operating funds, it is estimated that you can get 100,000-200,000 yuan.
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How to Maximize Returns on 1 Million Investment in Bitcoin (Experiment) 6
Bitcoin has recently surged. There is a trend of people lining up to open A-share accounts in October. I can understand this; after all, people tend to seek profit and avoid harm. In terms of making money, it’s better to act early than late. If the people trading in the market are not emotional, then the price should equal the cost. Now, if you have 1 million and are ready to make your mark in the digital currency field, here are several profit models to see if they help you, and feel free to discuss in the comments.
Bitcoin returns fluctuate by 15%.
If you just invested 1 million and immediately encountered a big surge, increasing by 15%, then your asset would be 1.15 million. However, if the next day it drops by 15%, your asset would no longer be 1 million.
Bitcoin returns fluctuate by 15%.
If you just invested 1 million and immediately encountered a big surge, increasing by 15%, then your asset would be 1.15 million. However, if the next day it drops by 15%, your asset would no longer be 1 million.
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November 28, Crypto Market Analysis: Bitcoin meets expectations reaching 96,000? Ethereum breaks through the Central Asian resistance level of 3,500. Is ETH about to strengthen? How will Bitcoin move next? When will it break through 100,000? #市场波动，加仓还是观望？
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The vengeful Musk is ready to start cutting off others' financial routes!
How much would it cost to protect Musk?
A few months ago, foreign media reported that Tesla and related companies like SpaceX invest millions of dollars annually in Musk's security.
American security experts pointed out that Musk's security team now resembles a small special operations unit.
Last year's lawsuit also revealed that even in private moments, like when he is in the restroom at the company, Musk rarely leaves the sight of his bodyguards.
Although the security team is already quite luxurious, it will probably still need to be strengthened.
Mainly because: Mr. Musk has transformed into 'Minister Musk'!
A few months ago, foreign media reported that Tesla and related companies like SpaceX invest millions of dollars annually in Musk's security.
American security experts pointed out that Musk's security team now resembles a small special operations unit.
Last year's lawsuit also revealed that even in private moments, like when he is in the restroom at the company, Musk rarely leaves the sight of his bodyguards.
Although the security team is already quite luxurious, it will probably still need to be strengthened.
Mainly because: Mr. Musk has transformed into 'Minister Musk'!
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Oops! The Canadian dollar continues to plummet! The economic crisis has reappeared! Everyone is bankrupt!
The Canadian dollar is still falling!
According to reports: This week, the Canadian dollar fell to 70 cents against the U.S. dollar, its lowest point in nearly five years. The Canadian dollar also fell to 70 cents in February 2020, before the attack on Canada.
A weak Canadian dollar means many of the goods we buy - especially fresh fruit and vegetables imported in the winter - are going to cost more. After three years of soaring prices due to inflation, Canadians are once again in the red.
In addition, Canada's economic performance is far worse than that of the United States, which is also a reason for the weakness of the Canadian dollar. What's more frightening is that the US economy may be boosted by Trump's election as president, which may cause Canada's economy to lag further behind.
According to reports: This week, the Canadian dollar fell to 70 cents against the U.S. dollar, its lowest point in nearly five years. The Canadian dollar also fell to 70 cents in February 2020, before the attack on Canada.
A weak Canadian dollar means many of the goods we buy - especially fresh fruit and vegetables imported in the winter - are going to cost more. After three years of soaring prices due to inflation, Canadians are once again in the red.
In addition, Canada's economic performance is far worse than that of the United States, which is also a reason for the weakness of the Canadian dollar. What's more frightening is that the US economy may be boosted by Trump's election as president, which may cause Canada's economy to lag further behind.
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Top-level scheme? Surpassing $98,000, just one step away from $100,000, what is behind Bitcoin's surge?
Bitcoin has skyrocketed!
On November 22, Jining News Network published a message online:
'Bitcoin has surpassed $98,000, up 3.5% in a day, just one step away from $100,000!'
In the global financial market, the value of Bitcoin has always been a hot topic of discussion.
In recent years, this digital currency has not only gained unprecedented popularity among investors, but its value has also skyrocketed.
According to the '2024 Cryptocurrency Wealth Report', the number of Bitcoin millionaires worldwide has increased by 111%, reaching 85,400.
Moreover, among the six new cryptocurrency billionaires created in the past year, five of them are centered around Bitcoin.
On November 22, Jining News Network published a message online:
'Bitcoin has surpassed $98,000, up 3.5% in a day, just one step away from $100,000!'
In the global financial market, the value of Bitcoin has always been a hot topic of discussion.
In recent years, this digital currency has not only gained unprecedented popularity among investors, but its value has also skyrocketed.
According to the '2024 Cryptocurrency Wealth Report', the number of Bitcoin millionaires worldwide has increased by 111%, reaching 85,400.
Moreover, among the six new cryptocurrency billionaires created in the past year, five of them are centered around Bitcoin.
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Is this round of Bitcoin peak in 2025?
Years ago, I also speculated whether we would suddenly make a 180-degree turn in encryption policy in some future year.
However, with deeper and more detailed observations, I gradually realized that the initial idea may have been too simplistic.
The saying 'science knows no borders' is well known. I once extended it to the field of technology, believing that technology also knows no boundaries.
But now I believe that the boundaries of technology are clear and discernible.
Taking encryption technology as an example, certain inherent characteristics (such as permissionless, censorship-resistant, and global free circulation) naturally contradict the systems of certain countries.
However, with deeper and more detailed observations, I gradually realized that the initial idea may have been too simplistic.
The saying 'science knows no borders' is well known. I once extended it to the field of technology, believing that technology also knows no boundaries.
But now I believe that the boundaries of technology are clear and discernible.
Taking encryption technology as an example, certain inherent characteristics (such as permissionless, censorship-resistant, and global free circulation) naturally contradict the systems of certain countries.
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How much longer can Bitcoin "burn"?
This Tuesday, the reversal trend of the overnight "Trump trade" affected the Bitcoin market. Bitcoin's price briefly surged to about $99,000 before quickly falling below $93,000, with a maximum decline of over 6%. This was triggered by rumors of a potential ceasefire agreement between Israel and Lebanon, causing market turbulence. Not only Bitcoin but also gold and oil prices fell sharply in response. Bitcoin's growth performance over the past month (40%+) has amplified the risk sensitivity of its investors; is this 40% return a beginning or an end? I believe this is a short-term impact of a single event; if external macro conditions remain unchanged in the long term, liquidity may not allow this cycle to come to a sudden halt. Liquidity is the "cause" of risk assets. From a macro perspective, on September 18, 2024, the Federal Reserve cut interest rates by 50 basis points to 4.75%-5.00% for the first time since 2020, ending a 525 basis point rate hike cycle. As Bobby Axelrod said in billions, "Power isn't everything, but without power, you are nothing." The Federal Reserve's influence on Bitcoin leads it to seek a balance between excess liquidity and the need to hedge against inflation. Bitcoin serves as both a lever for US stocks and a tool for hedging against inflation; the interest rate cut releases liquidity, injecting broader space for risk assets. Potential economic fluctuations and policy uncertainties make cryptocurrencies like Bitcoin a choice for "hedging against real-world risks."
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Bitcoin Approaches $100,000 Mark, Did Musk Win Again?
Since November 5, Bitcoin has experienced an unprecedented bull market, rising 10.29% on November 11, breaking $81,000, and the momentum shows no signs of stopping, with breaking the $100,000 mark appearing to be only a matter of time. Some 'radical' overseas institutions have set target prices for Bitcoin as high as $125,000. The head of asset research at Standard Chartered publicly stated that Bitcoin could reach $200,000 by the end of 2025. The entire cryptocurrency space is filled with waves of wealth freedom.
'Never sell your Bitcoin'
The sudden bull market in Bitcoin is primarily due to Trump's recent successful second presidential campaign.
'Never sell your Bitcoin'
The sudden bull market in Bitcoin is primarily due to Trump's recent successful second presidential campaign.
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Ethereum Spot ETF Welcomes Staking Expectations, Which Coins Will Benefit?
In July of this year, the U.S. Securities and Exchange Commission (SEC) officially approved the trading application for Ethereum spot ETFs, making ETH the second cryptocurrency after BTC to enter the traditional financial trading market in ETF form.
However, four months have passed, and the traditional financial market has not shown the same enthusiasm for ETH as it has for BTC. The main reason lies in the fact that the narrative of ETH, which tends to lean towards innovative tech products, is less compelling to the traditional market compared to BTC's 'digital gold'; additionally, the continuous selling pressure from Grayscale's ETHE and the SEC's restrictions on Ethereum spot ETFs involving staking functionality have objectively weakened its attractiveness.
However, four months have passed, and the traditional financial market has not shown the same enthusiasm for ETH as it has for BTC. The main reason lies in the fact that the narrative of ETH, which tends to lean towards innovative tech products, is less compelling to the traditional market compared to BTC's 'digital gold'; additionally, the continuous selling pressure from Grayscale's ETHE and the SEC's restrictions on Ethereum spot ETFs involving staking functionality have objectively weakened its attractiveness.
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As soon as the data came out, expectations of a Fed rate cut rose again!
On November 26, the Federal Reserve released the minutes of the monetary policy meeting held from November 6 to 7. The minutes showed that Federal Reserve officials expressed confidence that inflation was easing and the labor market was strong, and thus decided to further cut interest rates.
Specifically, the minutes showed that when discussing inflation developments, participants continued to note that U.S. inflation had eased significantly from its peak. Almost all participants believed that although the monthly trend of inflation would still fluctuate, the upcoming data was generally consistent with the expectation that inflation would continue to return to 2%. However, some participants pointed out that this process might take longer than previously expected.
Specifically, the minutes showed that when discussing inflation developments, participants continued to note that U.S. inflation had eased significantly from its peak. Almost all participants believed that although the monthly trend of inflation would still fluctuate, the upcoming data was generally consistent with the expectation that inflation would continue to return to 2%. However, some participants pointed out that this process might take longer than previously expected.
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Bitcoin Soars, Who Made Big Money Inside!
As Bitcoin has surged to nearly $100,000 now, those who have coins are all cheering, and all news favorable to Bitcoin is being widely promoted, while all unfavorable news is being disparaged.
Just like a couple of days ago, I predicted that after Bitcoin's big rise, it would inevitably face a sharp drop; this is a historical pattern that no one can stop.
Then many people criticize, for these critics, first I want to thank them, if they didn't criticize, how could my article break 100,000+ views and become a phenomenon in the cryptocurrency circle.
Just like a couple of days ago, I predicted that after Bitcoin's big rise, it would inevitably face a sharp drop; this is a historical pattern that no one can stop.
Then many people criticize, for these critics, first I want to thank them, if they didn't criticize, how could my article break 100,000+ views and become a phenomenon in the cryptocurrency circle.